Interpipe is the largest producer of pipes and railway wheels in Ukraine, selling its produce in more than 80 countries. The company operates three key divisions, manufacturing steel, pipes, and railway products. The steel division collects scrap metal and melts it at Dniprosteel, Interpipe’s modern electric arc furnace (EAF) mill with annual capacity of 1.3 Mt p.a. Interpipe’s pipe segment comprises three pipe rolling mills with combined capacity of close to 1 Mt p.a.

Issue Volume ($m)
Coupon Rate (% p.a.)
Coupon Frequency
Maturity date
Ratings: Moody`s/S&P/Fitch
Market Price* ($)
Market YTM*
Spread over UST*
Note: *Based on bid price.
Net Sales ($m)
Net Income ($m)
EBIT Coverage Ratio (x)
Net Debt/Equity (%)

Latest news about Interpipe

Jul 12, 2022
| Pipes

Interpipe — Reports weak 1Q22 financial results

Interpipe reported 1Q22 sales of $239m, up 19% y-o-y and down 36% q-o-q, and EBITDA of $15m, down 63% y-o-y and 80% q-o-q. On a pass-through basis (without separate attribution to the steelmaking segment), pipe EBITDA fell 22% y-o-y and 77% q-o-q to $11.9m, rail EBITDA plunged 90% y-o-y and 89% q-o-q to $2.3m, and steel EBITDA was down 36% y-o-y and 70% q-o-q to $1.1m.
Jun 14, 2022
| Metals & Mining

Corporates: Interpipe Reports 2021 Results

Interpipe reported 2021 sales of $1.1bn (+31% y-o-y), with pipe segment revenues up 69% to 789m, sales of railway products down 22% to $282m, and third-party steel sales down 51% to $13m. EBITDA fell 16% y-o-y to $228m, with steel becoming the most profitable segment (on a stand-alone basis) with EBITDA of $212m (+130% y-o-y). Rail wheel segment EBITDA slid by 85% to $25m, and pipe EBITDA was negative at $12m. (vs. +$21m in 2020). On a pass-through basis, the pipe segment led with $128m of EBITDA (+65% y-o-y), while the railway segment lost 54% y-o-y to $86m.
Contact us at +38 (044) 490 7120 for more information